Barrick Mining Corporation $B Shares Sold by Cheviot Value Management LLC

Cheviot Value Management LLC decreased its holdings in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 22.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 330,761 shares of the gold and copper producer’s stock after selling 95,823 shares during the quarter. Barrick Mining comprises about 1.5% of Cheviot Value Management LLC’s holdings, making the stock its 19th biggest position. Cheviot Value Management LLC’s holdings in Barrick Mining were worth $14,405,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Financial Consulate Inc. boosted its position in Barrick Mining by 1,042.0% during the fourth quarter. Financial Consulate Inc. now owns 571 shares of the gold and copper producer’s stock worth $25,000 after acquiring an additional 521 shares during the last quarter. Westside Investment Management Inc. acquired a new stake in Barrick Mining in the 4th quarter valued at about $25,000. Arlington Trust Co LLC acquired a new stake in Barrick Mining in the 3rd quarter valued at about $26,000. JPL Wealth Management LLC purchased a new position in Barrick Mining in the 3rd quarter worth approximately $28,000. Finally, Laurel Wealth Advisors LLC purchased a new position in Barrick Mining in the 4th quarter worth approximately $30,000. 90.82% of the stock is owned by hedge funds and other institutional investors.

Barrick Mining Trading Up 3.0%

Shares of Barrick Mining stock opened at $43.12 on Friday. The stock has a 50 day moving average of $42.36 and a 200 day moving average of $42.56. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.33 and a current ratio of 2.92. The firm has a market capitalization of $72.24 billion, a price-to-earnings ratio of 14.72, a PEG ratio of 1.25 and a beta of 0.41. Barrick Mining Corporation has a fifty-two week low of $17.41 and a fifty-two week high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its quarterly earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 EPS for the quarter, beating the consensus estimate of $0.85 by $0.19. The business had revenue of $5.98 billion for the quarter, compared to analyst estimates of $5.15 billion. Barrick Mining had a return on equity of 12.10% and a net margin of 29.45%.The company’s revenue for the quarter was up 44.6% on a year-over-year basis. As a group, research analysts predict that Barrick Mining Corporation will post 3.56 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on B. JPMorgan Chase & Co. assumed coverage on Barrick Mining in a research report on Thursday, January 29th. They issued an “overweight” rating and a $68.00 price target for the company. Canaccord Genuity Group reduced their price objective on Barrick Mining to $77.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. UBS Group lowered their price objective on Barrick Mining from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, March 27th. DZ Bank upgraded Barrick Mining to a “strong-buy” rating in a report on Monday, January 19th. Finally, ATB Cormark Capital Markets downgraded Barrick Mining from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $54.17.

Barrick Mining Profile

Barrick Gold Corporation, commonly known as Barrick, is a Toronto‑headquartered mining company focused on the exploration, development, production and sale of gold and copper. Listed on major exchanges (including the New York Stock Exchange under the symbol B), Barrick operates as an integrated minerals producer, running large‑scale mining complexes, processing facilities and related support services for extraction and metallurgical treatment of ore.

The company’s activities span the full mining value chain: greenfield exploration, feasibility and permitting, mine construction, ongoing operations, and closure and reclamation.